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0 pointsvoisin2y ago0 comments

The debt likely wasn’t a normal bank, and the interest rate was likely quite high. The parties making the loan were likely fully aware of the risk and thought the interest rate appropriate compensation.

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teo_zero2y ago

Are those banks the same that failed to recognize what a bad idea it was to bet on sub-prime loans before 2009?

IAmNotACellist2y ago

Those WERE a great idea--as long as you weren't the one caught holding the bag

j / k navigate · click thread line to collapse

0 pointsvoisin2y ago0 comments

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teo_zero2y ago

Are those banks the same that failed to recognize what a bad idea it was to bet on sub-prime loans before 2009?

IAmNotACellist2y ago

Those WERE a great idea--as long as you weren't the one caught holding the bag

j / k navigate · click thread line to collapse